Roth Capital Starts Lakeland Industries (LAKE) at Buy

Roth Capital initiates coverage on Lakeland Industries (NASDAQ: LAKE) with a Buy rating and a price target of $18.00.

Analyst David King expects the multiple to expand following the effective deployment of recent capital raise proceeds that he believes should boost ROIC. The analyst further notes that a better GM profile may boost the company's positioned as a potential takeout candidate by a larger peer.

For an analyst ratings summary and ratings history on Lakeland Industries click here. For more ratings news on Lakeland Industries click here.

Shares of Lakeland Industries closed at $13.45 yesterday.

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